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Switching electric/gas providers (see first post for links)

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Comments

  • Registered Users, Registered Users 2 Posts: 451 ✭✭Lester_Burnham


    My apologies. I missed the part where you'd become a financial expert.



  • Registered Users, Registered Users 2 Posts: 985 ✭✭✭Escapees


    Maybe the poster who asked has an arrangement where they only pay for usage, as opposed to other charges, which might be the case in some rental situations. In all fairness, I'd say a number of us here are curious as to why it would make a difference if the cashback only applied specifically to usage as opposed to other related charges.



  • Registered Users, Registered Users 2 Posts: 32,792 ✭✭✭✭zell12


    edit

    Post edited by zell12 on


  • Registered Users, Registered Users 2 Posts: 451 ✭✭Lester_Burnham


    Well there's usage, Carbon Tax, standing charge. Then VAT applied on top. If the supplier is giving you cashback it comes off the total.

    Where there's a cash offer it's being given as credit so your account starts in the black. My balance on EI was €100 in credit until the first bill. Flogas actually issued a bill giving me the credit.

    If it's some other arrangement the poster is not dealing directly with the energy supplier so they're not getting cashback anyway.

    Therefore, the question made no sense.



  • Registered Users, Registered Users 2 Posts: 32,792 ✭✭✭✭zell12


    Waterpower VTM rates. For non-activated meters. Low standing charge and no exit fee

    image.png image.png


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  • Registered Users, Registered Users 2 Posts: 150 ✭✭Terpsichorean Master


    Seems pretty obvious that you're the type of person who misses lots of things. No surprise there.

    I never in any way posited myself as an expert, financial or otherwise - and, aside from being completely irrelevant, that assertion is also nothing more than a self-serving figment of your imagination.



  • Registered Users, Registered Users 2 Posts: 451 ✭✭Lester_Burnham


    You use the word obvious a lot. Incorrectly.

    But you still haven't explained how a supplier would apply cashback as anything other than credit on your account.



  • Registered Users, Registered Users 2 Posts: 6,226 ✭✭✭masterboy123


    I signed up two days ago with FloGas. I haven't received welcome pack and online account registration details. Did others experience same?



  • Registered Users, Registered Users 2 Posts: 520 ✭✭✭Cuauhtemoc


    We left Energia for Flogas. Still in the cooling off period. No call yet with an improved offer but they did email offering a free Google nest audio alongside one of their plans if we switched back. Not interested!



  • Registered Users, Registered Users 2 Posts: 12,445 ✭✭✭✭OmegaGene


    flo gas are not known for good communication unfortunately, when I first signed up with them my welcome letter arrived 3 weeks later and then a bill came in a week after that

    I read here that they have improved since

    The internet isn’t for everyone



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  • Registered Users, Registered Users 2 Posts: 3,912 ✭✭✭Kaisr Sose


    I agree on the % ...you don't pay in %, you pay in real €.

    Prices for domestic gas/electric should be quotes VAT inclusive as the VAT is not avoidable.

    So with a unit rate and inclusive of VAT, you get definitive prices, whether per KW, or standing charge for comparison across suppliers.



  • Registered Users, Registered Users 2 Posts: 94 ✭✭Happy4


    I also switched to Flogas (from Energia).. got an email on day of signup but nothing since.. although wheels are obviously in motion cos I received a call from Energia with the following offer:
    Dual Fuel Smart Data Plan with a 38% discount   Day 0.2612, Night 0.1436, Peak 0.2933

    Day 8am-5pm and 7pm-11pm           Peak 5pm-7pm             Night 11pm-8am

    Annual Standing Charge €265.01

    PSO Levy €1.59 per month

    Gas with a 38% discount 0.0698

     Gas Standing Charge €141.61

     

    • We will also offer you a free gas boiler service worth €115

     



  • Registered Users, Registered Users 2 Posts: 985 ✭✭✭Escapees


    The catch is if the VAT rate should change after signing up to a plan, then it would no longer be clear what rate one signed up to.



  • Registered Users, Registered Users 2 Posts: 541 ✭✭✭sector_000


    FYI - I was with Energia "Dual fuel - AXA offer non-smart (-34% gas, -35% elec)", came to end of my contract and have moved to Flogas "Smart 24Hr Dual Fuel 30% Discount + €210 Welcome Credit".

    I have solar PV, so I only consume a modest 800kWh of electricity.

    Energia retention team just called with a better unit offer… however, for my predicted usage (gas & elec), Flogas is still marginally better for me (€15!).

    These guys should really make the retention offers before I go to the trouble of switching. If they had, I probably wouldn't have left.

    Energia retention offer:

    elec: unit rate w/ VAT = 24.88 / kWh, standing = €265.01

    gas: unit rate w/ VAT =6.976 / kWh, standing = €141.60

    Feed in Tariff = 18.5



  • Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭bren2001


    Got a call this morning as well. I didn't take down the figures but they look broadly similar.

    I get "why" they do it this way but there's little benefit to me to unswitch.



  • Registered Users, Registered Users 2 Posts: 541 ✭✭✭sector_000


    Just re-thinking my decision to reject Energia's retention offer (analysis paralysis!)…
    if prices rise over the year, maybe the lower unit rate of Energia would be better, rather than the distortion effect of Flogas's €210 welcome bonus.

    However, as I waived the cooling-off period with Flogas, if I were to revert back to Energia, would that mean I'd get charged an early termination fee? (See T&Cs below)

    My motivation for waiving the cooling-off period was that I had wanted the new deal rates to start ASAP, rather than be on out-of-contract (non-discounted) rates from Energia for 14 days. Was that a logical approach?

    Comments welcome 😕

    Flogas welcome letter:

    Cooling-Off Period & Cancellation
    If you change your mind, you have a cooling-off period that you were provided with when you signed-up during
    which you can cancel your contract without penalty. To do so, simply send an email to cancellations@flogas .ie or
    complete and return our cancellation form. If you cancel after this period, an early termination fee of €50 will apply,
    where applicable.



  • Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭bren2001


    as I waived the cooling-off period with Flogas

    I don't think you waived the cooling off period. They give you the option to switch now or switch after the cooling off period. You chose the later and are free to cancel the switch to FloGas with no penalty.

    (at least thats my understanding and open to correction)



  • Registered Users, Registered Users 2 Posts: 1,857 ✭✭✭Gooser14


    I would second that. My initial email response on signing up with Flogas advised that my welcome pack would be forwarded by email. It came in the post & when I asked for a copy to be sent by email they advised it wasn't possible.

    Then the took a direct debit payment from my bank account without a bill being issued or loaded to my account portal. When I contacted them about this they emailed me a copy of the bill & undertook to sort out the portal problem. That was 5 days ago & it has yet to be sorted. A formal complaint will be winging its way to them if they haven't sorted it by next Tuesday.



  • Registered Users, Registered Users 2 Posts: 6,226 ✭✭✭masterboy123


    You got a much better rate. How did you reach 38% off? I got 30% off on their current pricing.



  • Registered Users, Registered Users 2 Posts: 6,226 ✭✭✭masterboy123


    It looks like FloGas IT related services are poor.



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  • Registered Users, Registered Users 2 Posts: 460 ✭✭sligopaul


    Any existing Flogas electricity customer recently manage to switch to the "new" customer rate on roll of your contract. Mine is due early Jan and they are saying this rate is not available to me and offering 28c iv vat per KW

    Thanks

    image.png


  • Registered Users, Registered Users 2 Posts: 985 ✭✭✭Escapees


    I half asked recently here and it kinda went quiet... But I'm pretty sure there's a way Sligo Paul... or perhaps it's Sligo J Paul ;)



  • Registered Users, Registered Users 2 Posts: 12,445 ✭✭✭✭OmegaGene


    how can a current customer sign up as a new customer ? Give them a call and tell them that’s how you identify

    The internet isn’t for everyone



  • Registered Users, Registered Users 2 Posts: 905 ✭✭✭autumnalcore


    Got one welcome pack in 4 signups so would have said par for course, but thought that would be sorted by their new computer system they just launched.



  • Registered Users, Registered Users 2 Posts: 3,912 ✭✭✭Kaisr Sose


    Divide by vat rate and multiply by 100? VAT rate unlike to change in medium term.



  • Registered Users, Registered Users 2 Posts: 905 ✭✭✭autumnalcore




  • Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭bren2001


    most companies explicitly tell you the ex-VAT and inc-VAT rate at sign up. What you describe is a non-issue and it's pretty obvious why they advertise in this manner



  • Registered Users, Registered Users 2 Posts: 32,792 ✭✭✭✭zell12


    One needs to switch soon. Current Flogas hostage. Non-activated D/N, low energy user. Advise!



  • Registered Users, Registered Users 2 Posts: 3,240 ✭✭✭John arse


    Well without wanting to upset the smart meter fans on here, personally I would stay with that D/N meter/plan as long as possible regardless of what company you go to.The D/N meter still around and will be for a good while yet seemingly.👍



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  • Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭bren2001


    Bang your units into bonkers and go with what they say.

    You'll likely be more interested in the welcome bonus over lower unit rates.

    Low energy user, pretty irrelevant if you activate the meter and go smart or not.



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